Consumer tech stocks gain big in FY24 as operations stabilise

Consumer tech companies that went public between late 2021 and early 2022 are witnessing a significant recovery on the bourses, with gains of as much as 46% in the current fiscal. The hype surrounding these companies has now subsided, and analysts and investors have a better understanding of their business. The companies have implemented new strategies, helping stocks rise, and analysts have come out with positive reports, thereby raising the target prices.